Michael Saylor: Regulators have concluded that most crypto tokens are unregistered securities

Michael Saylor, co-founder and executive chairman of Micro Strategy, said in an interview , that regulators are opposed to stablecoins effectively allowing billions of dollars to circulate in "dark pools" , thus evading the controls and sanctions of the banking system . Stablecoin is a problem for them , and I don't think they will change their views . Saylor believes that regulators have concluded that most crypto tokens are unregistered securities , manipulated by their issuers , who have not issued proper disclosures about these assets . In addition, the collapse of FTX was a catalytic event that led regulators to decide that cryptocurrency exchanges, cryptocurrency securities and stablecoins did not really fit into a stable world financial system. But Saylor believes that Bitcoin will benefit once regulators clean up the cryptocurrency industry.